Delhi High Court seeks response from HDFC, RBI in unauthorised ₹74 lakh bank transfer case

The Delhi High Court has sought a response from HDFC Bank and the Reserve Bank of India (RBI) in a case involving an unauthorized bank transfer of Rs 74 lakh. The petitioner, who is the victim of the fraud, has approached the court seeking redressal after the large sum of money was illegally transferred from their account. The court has issued notices to the bank and the regulator to file their replies, explaining their position on the matter. The case will likely examine the security measures of the bank, its liability in case of such fraudulent transactions, and the overall regulatory framework for customer protection in online banking. The High Court's intervention is crucial for the victim to recover their lost money and for holding the bank accountable for any security lapses.